The document recommends buying shares of M&M Financial at Rs. 347.2 per share, with a stop loss of Rs. 335 and target of Rs. 371. It cites the following reasons: 1) Non-banking financial companies have shown strong positive trends recently and M&M Financial is a leading player in this sector; 2) The stock's technical indicators show a positive trend of higher highs and higher lows; 3) After a brief consolidation, the stock has risen above its upper band and formed a strong bullish candle with rising volume.

1. Buy M&MFIN in Cash @ 347.2 SL 335 TGT 371
29th AUG, 2016
SEBI Registered – Research Analyst WWW.CHOICEINDIA.COM *Please Refer Disclaimer On Website
 In recent time, we are seeing strong positive
trend across non banking financial companies.
M&Mfin is also one of leading counter in this
space.
 Technically stock is forming higher high and
higher low which denote positive trend.
 After a brief consolidation stock has hit upper
band and formed strong bull candle.
 Volume is also rising in compare to previous
trading session.
 Positive directional index has taken dominance.
 Based on aforementioned rational, we can
expect further movement upto 371 level.

2. www.choiceindia.comcustomercare@choiceindia.com
Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any
financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will
not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this
recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any
inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume
levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might
be contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice
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or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of
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assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd,
ou=Research Team,
email=kapil.shah@choiceindia.com, c=US
Date: 2016.08.29 15:14:23 +05'30'